Friday, November 14, 2008

Should Oil Companies Bailout the Auto Industry?

Why not? The numbers are absolutely mind-blowing, folks.

"Exxon Mobil profit is biggest ever; Oil giant's net reaches $14.83b in third quarter" by Associated Press | October 31, 2008

HOUSTON - Exxon Mobil Corp., the world's largest publicly traded oil company, reported income yesterday that shattered its own record for the biggest profit from operations by a US corporation, earning $14.83 billion in the third quarter.

The previous record for US corporate profit was set in the last quarter, when Exxon earned $11.68 billion. --more--"

They made $44 BILLION LAST YEAR!! The CAR COMPANIES can GO THERE for their BAILOUT!!!! Stay out of the taxpayers wallet!!!!

Related: Should the Government Bail Out GM?